Fraud Briefing

MHA disclosed to Lok Sabha that 3,718 mobile applications, including fraudulent loan apps, were blocked under Sections 69(A) and 79(3)(b) of the IT Act, 2000 till June 30, 2026; the CFCFRMS platform has saved over Rs 11,158 crore across 32.80 lakh complaints. Authorities also blocked 15.75 lakh SIM cards and 5.77 lakh IMEIs, shared 30.48 lakh suspect identifiers with banks via the Suspect Registry, and declined Rs 25,698 crore in mule-linked transactions.

Fraudsters ran a dual-track operation: soliciting investments under fake high-return schemes via NCRP-reported platforms while running mule bank accounts to launder proceeds. KYC documents and account-opening forms were found with the accused. Associates based in Dubai allegedly directed operational coordination, with suspected fund links to Qatar. The gang recruited mule account holders across Maharashtra, Gujarat, Kerala and Punjab. 34 complaints on NCRP involve Rs 15.71 crore. Police arrested 9 people: Jamaluddin Faisal, Sarabjit Singh, Sonia Sharma, Shoeb Dilavar Saiyyad, Siddiki Mahamadsiddik Mufidbhai, Shaikh Riyazuddin Imtiyaz, Hamza Humayu, Kamalsha Kadarshah, Muzamil Thaib, and recovered 8 phones with banking records and KYC data.

ED arrested Subhash Chandra Bijnoriya under Section 19 of PMLA on August 10 and remanded him to custody till August 13. ED searches at 25 locations in June 2025 had already frozen Rs 15 crore in bank and crypto accounts and seized Rs 2.04 crore cash. Co-accused Ranveer Bijarniya, still at large, and Bijnoriya collectively defrauded investors across Rajasthan and Gujarat.